Black Billionaires Make Forbes List, But Only Two Americans

Robert 'Bob' Johnson
Robert 'Bob' Johnson

Recently Forbes released it’s annual list of the richest people in the world, with Warren Buffet coming in as the top dog with a whooping $62 billion in total assets with Mexico’s Carlos “Slim” Helu is next with $60 billion and, despite being worth $ 2 billion more dollars this year than last, Microsoft’s Bill Gates is “only” third on the list with $58 billion.

But with all the successes that people of African descent have been making as of late how many of them can be found on the list? Quite a few!

They’re led by Ethiopian-born on Mohammed Al Amoudi, who made his funds in construction and real estate before investing in the construction of Swedish and Moroccan oil refineries and owns Svenska Petroleum and ranks 97th on the list.

He is also the largest private investor in Ethiopia, putting money into such diverse assets as a hotel, gold mines and a food processing plant.

Nigeria’s Aliko Dangote is next with $3.3 billion and his Dangote Group dominates the sugar market in Nigeria and is the country’s largest industrial group. Dangote is ranked the 334th richest man in the world.

Next is Oprah Winfrey with $2.5 billion, and is 215th on Forbes’ 2008 list. The queen of American media’s show will run through the 2010-11 season. She launched The Oprah Winfrey Show in 1986. It is now aired in 110 countries and draws 30 million U.S. viewers a week in the U.S. Oprah owns Harpo Studios and property in Hawaii, Illinois and Santa Barbara, CA. She gives to needy women, children and families via Oprah’s Angel Network and her personal charity, The Oprah Winfrey Foundation.

The list also includes London-based Sudanese Mohamed “Mo” Ibrahim ($2.5 billion) and South African Patrice Motsepe ($2.4 billion).

BET founder Robert Johnson’s divorce dropped him to just a $1 billion fortune. Johnson is rebuilding his fortune with hotel investments and now owns interest in 100 hotels. He is the first person of color to hold a controlling interest in the NBA via his Charlotte Bobcats. His other investments: recording studios (Three Keys Music), restaurants (Posh) and Johnson has pledged $3 million to jump-start a $30 million investment fund for Liberia.

2 thoughts on “Black Billionaires Make Forbes List, But Only Two Americans”

  1. Thanks for that list. I should say Im disappointed with black Americans for not having many black african billionaire despite the fact that they are in the richest country on earth. But never the less watch out for the Africans especially the Nigerians and South Africans. South Africa has a good number of dollar millionaires already and we have just started doing business around 1994 when Apartheid fell.

  2. I am not sure the place you are getting your info, however great topic. I needs to spend a while studying more or working out more. Thanks for excellent information I was on the lookout for this info for my mission.

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